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Sasol"s chemical businesses
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(Share codes: JSE - SOL
NYSE - SSL)
(ISIN: ZAE000006896)
("Sasol")
Sasol"s chemical businesses
When Sasol released its financial results for the year ended 30 June 2003,
reference was made to the possibility of some disposals being considered and to
various productivity improvement initiatives being accelerated in its chemicals
portfolio.
Sasol is committed to its core chemical activities that have been acquired or
expanded in recent years.
A recent strategy review within Sasol Olefins and Surfactants has, however,
contributed to Sasol concluding that there is limited market overlap and
therefore business synergy between its core businesses and the activities of
Sasol Servo BV in The Netherlands.
A number of speciality chemical companies have already expressed an interest in
acquiring Sasol"s shareholding in Sasol Servo BV.
Sasol has therefore decided to enter first phase discussions with a limited
number of these interested parties with the intention of disposing of its equity
interest in Sasol Servo BV. Sasol intends to complete this process with as
little disruption as possible to customers, employees and other stakeholders.
With the expectation that this first phase will prove to be successful, Sasol
expects to enter a second and final phase aimed at reaching a negotiated
agreement for the sale of Sasol Servo BV before the end of its current financial
year.
Ends
For more information, please contact:
Johann van Rheede
Sasol Group Communication: Media Manager
Telephone +27 11 441-3295
Mobile 082 329 0186
E-mail johann.vanrheede@sasol.com
Sasol, with a market capitalization of approximately USD 7 billion, is an
integrated oil and gas group with substantial chemical interests. Based in
South Africa and operating in 15 other countries throughout the world, Sasol is
the leading provider of liquid fuels in South Africa and a major international
producer of chemicals, using a world leading technology for the commercial
production of synthetic fuels and chemicals from low grade coal. In the future
Sasol expects to apply this technology to convert natural gas to diesel and
chemicals. Sasol manufactures over 200 fuel and chemical products that are sold
in more than 90 countries and also operates coal mines to provide feedstock for
synthetic fuels and chemical plants. The company also manufactures and markets
synthesis gas and operates the only inland crude oil refinery in South Africa.
Internet address: www.sasol.com.
Disclaimer - Sasol Ltd
We may in this document make statements that are not historical facts and relate
to analyses and other information based on forecasts of future results and
estimates of amounts not yet determinable. These are forward-looking statements
as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words
such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan",
"could", "may", "endeavor" and "project" and similar expressions are intended to
identify such forward-looking statements, but are not the exclusive means of
identifying such statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and specific, and there
are risks that predictions, forecasts, projections and other forward-looking
statements will not be achieved. If one or more of these risks materialize, or
should underlying assumptions prove incorrect, actual results may be very
different from those anticipated. The factors that could cause our actual
results to differ materially from the plans, objectives, expectations, estimates
and intentions expressed in such forward-looking statements are discussed more
fully in our registration statement under the Securities Exchange Act of 1934 on
Form 20-F filed on March 6, 2003 and in other filings with the United States
Securities and Exchange Commission. Forward-looking statements apply only as of
the date on which they are made, and we do not undertake any obligation to
update or revise any of them, whether as a result of new information, future
events or otherwise.
Rosebank
27 October 2003
Issued by sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 28/10/2003 08:30:03 AM Supplied by www.sharenet.co.za
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